Melin: One week after the release of the "Policy Address", the transaction volume of new properties in Hong Kong has experienced a sharp increase of 33% on a weekly basis.

According to the Wisdom Finance app, a new "Policy Address" was released last Wednesday, which included measures favorable to the Hong Kong property market. Following this, the United States restarted interest rate cuts last Thursday, and Hong Kong banks also cut interest rates by 0.125%. The combined effect has provided positive support to the Hong Kong property market, with transactions in new properties significantly increasing in the past week. According to data from the United States, in the 7 days after the release of the Policy Address (September 17th to September 23rd), a total of 560 transactions were recorded for first-hand properties across Hong Kong, which is about a 33% increase compared to the 421 transactions in the 7 days before the release of the report (September 10th to September 16th).